There's not a home buyer out there today who doesn't want to make a lowball offer, yet many novices make at least one or more of the 5 lowball offer mistakes, which typically result in offer rejection.
The first question many home buyers ask about a listing is: How much lower will the seller go? In some cases, these listings are already priced below market value, as with most short sales and foreclosures. The question isn't really how low will the seller go as much as how high do buyers have to go to win a multiple-offer situation? Below-market homes often get multiple offers. They are priced low for a reason, to attract attention . . . read more about Lowball Offer Mistakes.
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At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.
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